Rate will move lower long as we keep making progress toward 2% inflation, says Fed's Austan Goolsbee
Rate will move lower long as we keep making progress toward 2% inflation, says Fed's Austan Goolsbee Austan Goolsbee, Chicago Fed president, joins CNBC's 'Squawk Box' to discuss macro outlooks. The men were found not guilty on murder charges, but convicted of assault, gang and gun charges.
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed's officials want to see where it heads next.
Powell: Fed to Cut Rates Cautiously on Inflation
Economists expect the Fed to announce another quarter-point rate cut in December after September and November cuts. Interest rates impact mortgage rates.
Inflation Rose in October, Raising Concerns for Fed Rate Cuts
October's annual inflation rate ticked up for the first time in seven months, after more than two years of gradual cooling.
Are the Fed's Rate Cuts Over Now That Inflation Is Rising Again?
October's Consumer Price Index (CPI), which measures changes in the cost of consumer goods and services, showed that annual inflation rose by 2.6%. That's not an alarmingly high rate of inflation. It's also only a modest uptick from September's CPI reading, which measured annual inflation at 2.4%.
Wall Street edges higher after inflation data keeps Fed rate-cut hopes intact
The consumer price index rose 0.2% in October for the fourth straight month, and advanced 2.6% on an annual basis.
Fed will likely cut rates cautiously given persistent inflation pressures, chairman says
The head of the Federal Reserve said Nov. 14 that the central bank will likely cut its key interest rate slowly and deliberately in the coming months, in
U.S. inflation rose 2.6% in October, a month after Fed's first rate cut
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.
Inflation remains stubborn as wholesale prices accelerate after Fed rate cuts
Wholesale prices in the US rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure. Thursday’s report from the Labor Department showed that its producer price index — which tracks inflation before it hits consumers — rose 0.
Citadel Securities’ Inflation Head Says Tariffs No Worry for Fed
Citadel Securities’ Durham Abric says the Federal Reserve’s interest-rate path probably will be uninterrupted by the incoming ...
Reuters1d
Fed officials wary of inflation risks as they weigh more rate cuts
Fed policymakers on Wednesday held open the door to a go-slower approach, in the face of data showing the labor market ...
Why the Next Read From the Fed's Favored Inflation Gauge Could Be Stubbornly High
The Federal Reserve might not see much more inflation relief before it decides next month whether to keep cutting interest ...
Inflation Ticks Up, as the Fed’s Victory Remains Incomplete
Inflation has cooled notably, but a pickup in annual price increases underscores that it is not fully back to normal.
Dollar eyes weekly gain on slower Fed easing, inflation outlook
The dollar was headed for its best week in more than a month on Friday, buoyed by expectations of fewer Federal Reserve rate ...
Asian Equities Climb as US CPI Supports Fed Easing: Markets Wrap
Asian shares drifted higher Thursday after US inflation data supported the case for another Federal Reserve rate cut next ...
Bloomberg L.P.1d
US Inflation Keeps Steady as Fed Looks to Avoid Reversal
While the rate of inflation is now below the Fed’s 2% target in both cities, costs of living—particularly rents—remain ...